Big Pharma

Big Pharma

Martin Shkreli
1. Sells Daraprim
  1. For Malaria and HIV
2. One of America's most hated
  1. $13.5 -> $750
3. Hedge fund manager
  1. Wants to maximise profit
    1. Capitalism
      1. Makes money over illnesses
        How is this achieved?
        Via misinformation
        Oxycontin
        Influencing regulators
Controversy: They have a lot of power as they can choose who lives and who dies
1. High cost of medicine makes it inaccessible
2. Big Pharma are allowed to influence FDA
  1. Big pharma bought influence into the US congress too
    1. US lawmakers allow this system to occur (Pharma affecting its regulators)
      1. Big pharmas wrote checks to US politicians
        The Big pharma and health medicine industry is the biggest lobbying industry
        By law: Big pharmas can set the prices of their drugs, no negotiations
      2. Big pharmas contribute to campaign donations
      3. Hire lobbyists + Lawyers to squash any challenges/suing
COVID Pandemic
1. Boosters may become a reality
2. Pharma's are benefitting
  1. Blackmail governments
  2. Maximise prices for profit
    1. Makes it inaccessible to some countries
      1. Fuelling inequity
US's Opioid epidemic
1. Purdue Pharma
  1. Oxycontin
    1. Claimed by pharma as not being addictive
      1. Pharms sent sales representatives on opioid not being addictive + it being okay to be prescribed in higher doses
        Doctors prescribed it to millions
        Millions of people became addicted to it
        Johnson & Johnson + Teva were other pharmas' also guilty
        Thousands of opioid drug deaths
        When Purdue was sued, they cleared bankruptcy and paid a measly fine, no jail time
        Pharma made billions
      2. Never held clinical trials to show this - Purdue lied
    2. An Opioid, a painkiller
Big Pharma pushing unproven cures
1. Use the help of regulators who are friends
2. Aduhelm Drug
  1. Pharma: Biogen
  2. FDA approved
  3. Claimed as a treatment for AD
    1. Not enough evidence of this claim
      1. All FDA's 11 advisors were against this
        Biogen had a close relationship with FDA officials
        FDA still approved the drug
        3 FDA advisors resigned in protest
        FDA is supposed to be a watchdog for BIG pharmas
        It is like a union, for the interests of customers
        FDA shouldn't have such a close relationship with companies it should be regulating
        45% of FDA's budget comes from industry (pharmas) paying to apply for FDA approval
        How can the FDA remain impartial?
  4. 56K per year
A monopoly
1. The new Drug cartel/mafia
Set prices
Influence policy makers
Use lawyers to squash competition

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	Erstellt von Nathan Lin vor fast 3 Jahre